3Coal Mining Industry Long Service Leave Fund

##### 3 Coal Mining Industry Long Service Leave Fund (1) For the purposes of this Act there shall be a fund, to be known as the Coal Mining Industry Long Service Leave Fund. (2) The Fund shall be a Trust Account within the meaning of section 62A of the Audit Act 1901. (3) There shall be paid into the Fund: (a) amounts equal to the amounts from time to time raised on duties excise on coal; and (b) such amounts as are received by the Commonwealth from any State for the purposes of this Act. (4) The Consolidated Revenue Fund is, to the extent necessary to make any payment out of that fund to the Coal Mining Industry Long Service Leave Fund under subsection (3), appropriated accordingly. (5) There shall be paid out of the Fund: (a) the amounts of financial assistance payable to the States under this Act; and (b) advance payable under section 6; and (c) amounts payable into the Consoldiated Revenue Fund under section 7. (6) Income derived from the investment of moneys standing to the credit of the Fund forms part of the Fund.